Dubai's Land Department collaborates with Second Century Ventures to introduce a real estate startup program
The Dubai Land Department (DLD) has partnered with Second Century Ventures to launch the REACH Middle East program, an 8-month accelerator designed to support up to 10 high-potential startups in the real estate technology sector. The program is aimed at startups in the seed to Series A funding stage, focusing on technologies applicable to real estate, construction, sustainability, or property management, such as artificial intelligence (AI), Internet of Things (IoT), and blockchain[1][2][4].
Program Benefits
Selected startups can expect to receive a range of benefits, including up to $250,000 in seed capital per startup, strategic introductions to investors and follow-on funding opportunities, mentorship from industry veterans, successful founders, and global PropTech experts, and opportunities to pilot and commercialize their solutions by collaborating with major real estate developers, government bodies, and facility managers[1][2][3].
In addition, startups will have access to curated connections through key industry events, conferences, and a global alumni network of 330+ companies. The program also offers support for scaling locally and entering global markets[1][2][3].
Eligibility
To be eligible for the REACH Middle East program, startups must be revenue-generating and in the seed to Series A funding stage. They should focus on technologies applicable to real estate, construction, sustainability, or property management. Companies from various industries seeking to expand into real estate tech are encouraged to apply[1][2][4].
Application Process
Applications for the REACH Middle East program are now open. Selected startups will join an exclusive cohort and engage in an intensive program with hands-on support and networking opportunities. The program is led by real estate tech entrepreneurs Siddiq Farid and Karim Helal[2].
Alignment with Regional Strategies
REACH Middle East aligns with Dubai’s Economic Agenda D33 and the Dubai Real Estate Strategy 2033, designed to contribute significantly to the regional economy and promote digital transformation within the real estate sector[1][2][3][4]. The program also supports the UAE Digital Economy Strategy, Dubai Economic Agenda D33, and the Dubai Real Estate Sector Strategy 2033.
For more information and to apply for the REACH Middle East program, visit https://www.nar-reach.com/middle-east.
[1] Dubai Land Department Press Release [2] REACH Middle East Official Website [3] Second Century Ventures Press Release [4] Gulf Business Article
- Upcoming startups in the reality technology sector, primarily focusing on real estate, construction, sustainability, or property management, can receive up to $250,000 in seed capital via the REACH Middle East program.
- This 8-month accelerator program, operated by the Dubai Land Department and Second Century Ventures, aims to provide mentorship, strategic introductions to investors, and opportunities to collaborate with major real estate developers.
- Eligible startups must be in the seed to Series A funding stage, generating revenue, and utilizing technologies applicable to the mentioned sectors, with companies from various industries encouraged to apply.
- The program offers access to curated connections through key industry events, conferences, and a global alumni network, as well as assistance for scaling locally and entering global markets.
- REACH Middle East is aligned with Dubai’s Economic Agenda D33, the Dubai Real Estate Strategy 2033, and the UAE Digital Economy Strategy, aiming to contribute significantly to the regional economy and promote digital transformation within the real estate sector.
- The program's leadership includes real estate tech entrepreneurs Siddiq Farid and Karim Helal, who will guide selected startups through an intensive program with networking opportunities.
- Investors and business professionals are encouraged to follow the program's updates and its potential impact on the digital economy, innovation, and transformation in the real-estate sector.
- For those interested in applying, more information can be found on the REACH Middle East official website, with the application process now open.
